2023-4-19 18:03 |
The Series B fundraise comes about five months after the company cut 15% of its staff amid the pressures of crypto winter. origin »
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Animoca co-founder Yat Siu says that the company is pursuing its original plan to raise a metaverse fund. Venture Capital firm Animoca Brands has denied reports that its metaverse fund is being slashed to $800 million.
2023-3-27 12:00 | |
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Crypto-friendly bank Silvergate announced its suspended payment of dividends on its series A preferred stock. The company’s shares fell more than 11% pre-market after the announcement. Silvergate reported a $1 billion loss in the fourth quarter and also cut its staff by 20% amid the crypto bear market and impact of FTX collapse.
2023-1-27 18:54 | |
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Despite the ongoing relief rally in the crypto market, negative news seems to be never-ending. The latest to make it to the headline today is Gemini, as the crypto exchange company has reportedly cut down another 10% of its global staff according to a recent report published by The information citing an internal message. This […]
2023-1-24 01:56 | |
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Crypto brokerage company Blockchain. com is among the recent companies within the industry that have planned to cut their workforce. Multiple crypto businesses have been severely impacted by the crypto winter, forcing them to lay off a large number of employees.
2023-1-14 18:30 | |
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Coinbase Global Inc (NASDAQ: COIN) has announced it will cut jobs again as it bids to minimise costs after a brutal crypto winter. Brian Armstrong, the co-founder and CEO of Coinbase, said in a blog announcement on 10 January that the layoffs are part of the company’s plans to cut operating costs in 2023.
2023-1-12 18:11 | |
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Coinspeaker Genesis Global Dismisses Additional 30% of Staff Genesis conducted the latest staff cut after the company informed clients about "reducing costs and driving efficiencies" amid challenging times for many crypto firms.
2023-1-6 15:53 | |
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Swyftx cuts 90 jobs as the cryptocurrency winter continues to affect more companies. The company follows exchanges like Coinbase, Bybit, and Kraken in reducing its employee headcount to cope with the bear market.
2022-12-5 13:00 | |
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Centralized crypto exchange Bybit has become the latest to axe staff as crypto winter deepens. The move adds to layoffs by the company earlier this year in June. The post Bybit to Cut 30% of Workforce as Crypto Bear Market Deepens appeared first on BeInCrypto.
2022-12-5 06:27 | |
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While the commission is standard for Apple, some have expressed their displeasure at the company’s “grotesquely overpriced” cut of sales.
2022-9-26 06:49 | |
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Ratings company Fitch downgraded El Salvador's long-term foreign currency issuer default rating (IDR), saying it is likely to default on a bond repayment due January.
2022-9-16 13:15 | |
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The Kohlberg Kravis Roberts & Co, known as KKR Inc, is an American-based global investment company, KKR & Co has long been managing multiple assets and is now eyeing crypto assets. The class of assets managed by this firm cut across real estate, energy infrastructure, private equity, credit, and Hedge funds. KKR &Co manages its […]
2022-9-16 05:50 | |
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As crypto exchange Coinbase faces industry obstacles and economic pressures, the company is examining its operations in greater detail. On Wednesday, Brian Armstrong, CEO of Coinbase, stated in an interview with CNBC’s Kate Rooney that the cryptocurrency exchange is now considering slashing costs.
2022-8-24 17:55 | |
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Online dating company Match Group has cut back on its Metaverse Dating and Tinder Coin plans following disappointing Q2 results. The post Match Group shelves Tinder Coin, Metaverse Dating after company swings to a loss in Q2 appeared first on CryptoSlate.
2022-8-3 20:19 | |
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A source close to the crypto exchange reportedly said there were 68 fewer employees on the company’s Slack channel as of Monday, suggesting Gemini had cut roughly 7% of its staff.
2022-7-19 22:17 | |
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Polygon has made it into Disney’s 2022 Accelerator Program as the only blockchain company selected. While it is certainly a win for the platform, it could also rub off on the entire crypto industry.
2022-7-15 15:00 | |
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Major crypto exchange Coinbase published a message from its CEO, Brian Armstrong. The company has decided to reduce its workforce by 18% to “ensure we stay healthy during this economic downturn”. Related Reading | Lending Platform Celsius Freezes Withdrawals, Raising Liquidity Concerns Last year, Coinbase became the first crypto exchange to debut in public markets under […]
2022-6-15 21:59 | |
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Coinbase CEO Brian Armstrong on June 13 announced the decision to cut the company’s workforce by 18%, which according to The Wall Street Journal, translates to around 1,100 employees. The post Coinbase to layoff 1,100 employees after petition against executives appeared first on CryptoSlate.
2022-6-15 18:39 | |
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The company is the latest crypto firm to announce job cuts, including Gemini, Rain Financial and others.
2022-6-14 17:14 | |
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The company is the latest crypto firm to announce job cuts, including Gemini, Rain Financial and others.
2022-6-13 17:14 | |
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The Delaware-registered company said Visa and Stripe cut it off for serving too many Russians, but on-chain data has stoked users' suspicions.
2022-5-5 20:07 | |
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Facebook’s parent company, Meta, has announced that it would take a cut of 47. 5% on any virtual asset sales made in its Metaverse. A look into Horizon Worlds Meta has announced plans to take cuts of up to 47.
2022-4-16 07:11 | |
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Ripple has seen its fair share of troubles over the course of the last 12 months, after the SEC’s lawsuit against the company and its leaders. However, the firm managed to cut its losses, find new opportunities, and land on its feet.
2021-11-25 13:31 | |
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MicroStrategy Inc. boosted its convertible debt sale to purchase Bitcoin by nearly half and cut the coupon to 0%, making it virtually a straight bet on the price of Bitcoin. Microstrategy’s Keen Investment in Bitcoin The company already has nearly 72,000 bitcoins as of February 2.
2021-2-20 16:59 | |
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Blockchain infrastructure company, Bison Trails, announced its Global Blockchain Sync platform, aiming to significantly cut down on time spent in syncing nodes across blockchains The post Bison Trails Aims to ‘Significantly Reduce’ Node Syncing Times on Ethereum & Polkadot first appeared on BitcoinExchangeGuide.
2021-2-17 21:25 | |
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It is the weekend, and Bitcoin is pumping again. After breaching $20k on Wednesday then breaking into a new all-time high on Thursday, Bitcoin has broken above yet another level today. Bitcoin surpassed $24,000 but with only $4.
2020-12-20 20:38 | |
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Corpoelec, the Venezuelan state power company, has cut power to bitcoin mining equipment, according to a local miner. As a result, mining farms scheduled a meeting to negotiate with the government.
2020-11-14 16:19 | |
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Coinspeaker WeWork China Sells Majority Stake to Trustbridge PartnersAs WeWork China continues to cut costs globally, Trustbridge Partners has invested $200 million to own a majority stake in the company.
2020-9-25 16:18 | |
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Coinspeaker Airbus (AIR) Stock Dips 2% as Uncertainty Surrounds Firm’s Job Cut PlanAirbus CEO Guillaume Faury has disclosed that the company may pursue job cuts. AIR stock is down today, trading at around 63 EUR.
2020-9-23 17:22 | |
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Warren Buffet and his company, Berkshire Hathaway, recently cut their position on Wells Fargo. The move saw the sale of 100 million Wells Fargo shares, as Buffett continues to move away from the damaged US economy.
2020-9-5 14:20 | |
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Bitcoin mining rig manufacturer Canaan Creative reported a net loss of $5. 6 million for the first quarter of 2020, down from $9. 5 million a year earlier. The Chinese company cut prices of its ASIC-based machines by over 50% in an effort to improve sales, but that wasn’t enough to prevent the heavy loss.
2020-5-24 06:01 | |
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Revenue for Bitcoin (BTC) miners plunged 48% a day following the third halving, as the full impact of the periodic supply cut event began to take effect. According to data from crypto company Blockchain, the total value of block subsidies and transaction fees paid to miners crashed to $8.
2020-5-15 16:08 | |
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Online bookings platform Airbnb has confirmed that it will conduct a massive employee cut. Earlier this week, the company sent a note via email to its workers, explaining that the coronavirus pandemic has hurt its business significantly over the past few months.
2020-5-7 09:15 | |
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Ethereum-based company Consensys has cut hundreds of jobs since January. In its latest action, the US-based blockchain development team confirmed it will slash more than 90 jobs – or 14% of its workforce – citing the global impact of Covid-19.
2020-4-22 03:00 | |
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Americans could get a check for $1,000 or more in the company weeks as the government works on a plan to prevent a recession and protect people from going bankrupt. On Monday, Sen. Mitt Romney (R-Utah) called for every American adult to receive a $1,000 check “immediately” to help people until another government aid can […]
2020-3-19 19:52 | |
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Financial constraints can harm any company or service provider. US telco AT&T is no exception, as it aims to cut costs by tens of billions of dollars. When a company is not making enough money, the obvious solution is cutting costs.
2020-3-6 06:00 | |
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Coinspeaker Alphabet (GOOGL) Stock Is Growing but Should the Company Cut Down Its Share Repurchases?Alphabet (GOOGL) stock price is going up in the pre-market. Will Alphabet change its approach to share repurchases?Alphabet (GOOGL) Stock Is Growing but Should the Company Cut Down Its Share Repurchases?
2020-2-18 11:25 | |
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Mike Novogratz’ Galaxy Digital announced a workforce cut of 13 employees in the coming days, as the company faces challenges on its profits table. The news comes at a time the cryptocurrency market is booming with Bitcoin (BTC) having breached the psychological resistance at $10,000 USD.
2020-2-14 17:57 | |
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The Ethereum development studio ConsenSys is doing a major restructuring of its business and will cut staff by 14%, as it aims to raise $200 million. The Brooklyn-based company announced at a meeting with its entire staff from Tuesday that changes are about to be made.
2020-2-5 00:54 | |
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An official announcement from BlockFi, a cryptocurrency startup that allows users to lend and earn interest on digital assets, stated the company will reduce the overall interest paid to lenders of Bitcoin (BTC) and Ethereum (ETH) starting February 1.
2020-1-25 22:25 | |
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Binance will no longer burn twenty percent of their profits after every quarter. The digital assets company had initially stated in the original whitepaper they would burn BNB every quarter until the existing supply had been cut by fifty percent.
2020-1-22 19:35 | |
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Coinspeaker WeWork Sells Managed by Q Unit at an Incredibly Low PriceSoon after laying off employees, WeWork sells Managed by Q unit, which results from the company's need to cut its costs and unload assets.
2019-12-20 19:33 | |
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Dow Jones Industrial Average (DJIA) futures jumped 112 points in premarket trading Tuesday. But slowing economic growth is quietly denting company earnings. Companies will be forced to cut dividends to investors going into 2020 warns asset management firm Janus Henderson.
2019-11-19 14:34 | |
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Wednesday saw Coinbase announce the introduction of staking rewards for eligible US customers who hold Tezos (XTZ) on the platform. This comes as a new means for users to earn cryptocurrency, but also as a lucrative revenue stream for the company.
2019-11-7 04:18 | |
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The WeWork train wreck keeps on going as the company prepares to cut thousands of jobs. The only problem? There’s not enough money left to pay employee severance packages. WeWork literally can’t afford to let people go.
2019-10-22 12:06 | |
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Following PayPal’s departure earlier this month and then eBay, Stripe, Visa, and Mastercard, payments company Mercado Pago followed soon after and today Booking Holdings, an online travel company has also announced that it is withdrawing the participation in the Libra Association.
2019-10-14 19:37 | |
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The first three months of next year could be huge for both SpaceX — and, by inference, the price of Tesla stock — and Bitcoin. Both of them will be looking skywards in early 2020, with Elon Musk’s company teaming up with NASA for a first manned mission and Bitcoin’s mining reward getting cut in […] The post SpaceX and Bitcoin Both Aiming for the Moon in Q1 2020 appeared first on BeInCrypto.
2019-10-15 18:50 | |
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The proposed WeWork IPO has totally collapsed. Founder Adam Neumann is out as CEO, and the company has slashed real estate deal activity and fired staff. The company’s credit rating has been cut to B-, and its bonds are plunging.
2019-9-29 23:30 | |
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Last year, Xiaomi launched a sub-brand called Poco and announced a sub-$300 phone called the Pocophone F1. The phone packed the latest Qualcomm processor and sizable RAM in a plastic body. While it was great value for money, the company had cut corners in design and camera department to make it affordable.
2019-9-27 15:30 | |
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Sony today revealed a new feature of its in-development PlayStation console: a power-saving mode which will reduce the amount of energy used in each home. This is apparently an effort to reduce the carbon footprint of the general population of gamers.
2019-9-24 20:29 | |
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In a research report, NYDIG’s Global Head of Research, Greg Cipolaro, delved into the highly anticipated spot Bitcoin ETF and its potential impact on the BTC price. Cipolaro examines the opportunity it presents, its implications for the investment community, and the potential demand it could unleash.
NYDIG уже обменяла свою дебиторскую задолженность на майнинговое оборудование ряда компаний. Как стало известно, NYDIG (New York Digital Investment Group) активно увеличила свой контроль над значительным количеством майнинговых машин.
Bitcoin (BTC) mining firm Greenidge said it lost about $130 million during the fourth quarter of 2022 while earning just $15 million, according to a January 31 statement. The post Bitcoin miner Greenidge lost $130M in 2022 Q4; restructures debt with NYDIG, B. Riley appeared first on CryptoSlate.
Greenidge Generation (GREE) has agreed with NYDIG to restructure a $74. 7 million debt owed to the crypto trading firm. NYDIG to acquire Greenidge mining machines In a press statement released on Dec.
Patrick Sells, the NYDIG's chief innovation officer, said the Bitcoin payment plan was aimed at letting companies offer a benefits package to prospective employees.
The product caters to employers seeking to attract the best talent by offering payments in bitcoin.